Is it time to upgrade your home insurance policy?

Homeowners in the greater San Antonio, TX area are finding a benefit in reviewing their home insurance policies each year. The team at Versatile Insurance Planners recommends that residents do this review regularly to ensure that their policy coverage amounts are keeping pace with the value of their home. Don’t find out after it’s too late that you don’t have the coverage levels that you need!

Factors that May Increase Your Coverage Needs

Property Values – As your home value increases, so do your coverage needs. A regular review of your policy will make sure that your insurance protection is keeping pace with your needs. This is a factor that’s often overlooked by homeowners until they have a covered event and find out that their policy levels are now insufficient for their protection needs.

Improvements and Renovations – If you have contracted an addition on your home, installed a new kitchen, or updated your bathrooms, your coverage requirements have likely increased. Smaller home improvements, like installing new flooring, may also affect your coverage levels.

Personal Belongings – The more expensive gadgets and items that are purchased through the years, the more insurance coverage will be necessary. Keep in mind that items and devices that you use every day, such as personal electronics, can add up very quickly. TVs, computers, and other technological items also carry a high value, especially when each member of the family has their own devices.

Are you a homeowner in the greater San Antonio, TX area? Contact the team at Versatile Insurance Planners today and schedule a consultation to review your home insurance policy. It’s essential to make sure that your coverage continues to be adequate for your needs.